Kotak Cashback+ Credit Card vs Cashback SBI Card
Compare Kotak Cashback+ Credit Card, Cashback SBI Card side by side: annual fees, interest rates, rewards and eligibility to find the right card for you.
Kotak Mahindra Bank •••• •••• •••• •••• Credit Card Compare Kotak Cashback+ Credit Card | SBI Card •••• •••• •••• •••• Credit Card CompareVisa Cashback SBI Card |
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Card details
CardIQ
How we calculate scores| Overall | 44Fair | 54Fair Highest |
|---|---|---|
| Cashback | 65/100 | 86/100Highest |
| Rewards | 23/100 | 23/100 |
The basics
| Card tier | Not published | Not published |
|---|---|---|
| Card type | Not published | Visa |
| Credit rating | Not published | Not published |
| Rewards program | None | None |
| Credit limit | Not published | Not published |
Eligibility
| Minimum age | 18 years old | Not published |
|---|---|---|
| Minimum income | Not specified | Not specified |
| Residency | Not published | Not published |
| Joint application | Not published | Not published |
| Temporary residents | Not published | Not published |
| Instant approval | Not published | Not published |
Repayments
| Interest-free period | Up to 51 daysHighest | Up to 50 days |
|---|---|---|
| Minimum repayment | 1% of all purchase transactions and cash advances plus 100% of EMI, finance charges, fees and charges and tax, subject to a minimum of ₹100, else the total amount due if lower (Kotak key fact statement) | 100% of GST, EMI amount, fees and charges and finance charges, plus any over-limit amount and 2% of the remaining balance outstanding (SBI Card MITC) |
Rates & fees
Ongoing interest rates
| Purchases | 45.00% p.a. | 45.00% p.a. |
|---|---|---|
| Cash advances | Undisclosed | 45.00% p.a. |
Fees
| Annual fee | ₹750 p.a.Lowest | ₹999 p.a. |
|---|---|---|
| Monthly fee | — | — |
| Additional cardholder fee | ₹0 | ₹0 |
| Cash advance fee | — | 2.5% of the amount |
| Foreign transaction fee | 3.5% | 3.5% |
| Late payment fee | ₹1,300 | ₹1,300 |
Rewards
Cashback
| Sign-up cashback | — | — |
|---|---|---|
| Spend required | — | — |
| Ongoing cashback | 0.5% on eligible spend | 1% on eligible spend |
| Cashback cap | 5% on online groceries and food deliveries and on online movie tickets and OTT subscriptions, 3% on fuel, unlimited 0.5% on other eligible spends (RuPay variant: also on UPI spends); the accelerated rates are capped at 750 points per billing cycle (1 point = ₹1); no cashback on rent, B2B, utilities, insurance, education and government, wallet, online skill-based gaming and EMI. | ₹4,000 per month |
Related comparisons
Sources
- Credit Card Compare
- How CardIQ scores cards
- Issuers
- Kotak Mahindra BankSBI Card